The UAE’s Bitcoin holdings are now valued at 40 billion USD, attributed to strong government initiatives and a welcoming approach to blockchain businesses, establishing Dubai as a key cryptocurrency hub since VARA’s inception in 2022.
UAE’s balanced regulatory system encourages cryptocurrency innovation while maintaining control. Regulatory bodies like SCA and DFSA govern digital asset activities, promoting a secure environment for market growth.
By 2025, user adoption of cryptocurrencies in the UAE is projected to reach 3.78 million, with Bitcoin accounting for a 19% market share. DeFi has seen a 74% growth in activity, reflecting strong institutional interest.
Leave a Reply